# 1169 Heart of Kensington! REDUCED!
$ 329,000
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PRICE HAS BEEN REDUCED on this unique, fully-equipped restaurant in the heart of Kensington. It’s been totally renovated and shows beautifully with glass on three sides! Offers casual fine-dining. The concept can be kept or changed to anything a new owner wishes. Comes with a seasonal patio and is very profitable in the summer months!
Sales: Gross sales: $65,000 – $70,000 per month
Size in sq. ft. 2,380 sq. ft.
No. of Seats: 40 plus 8 seats at the bar; 50 on seasonal patio
Number of parking stalls:1 parking stall at $200 per month
Financing: Treat as clear title
Style of cuisine: European food featuring French and Italian
Customer Demographics: Locals, 30 – 50 years age group; business people
Type of service: Table
Hours of operation:
Closed on Sunday and Monday
Weekdays 4 pm – 9 pm; Friday & Saturday 4 pm – 11 pm
Number of employees: 6 – with 1 full-time and 5 part-time
LEASING INFORMATION:
Rate: $11,400 per month which includes rent, CAM and GST. Plus $650 per month for seasonal patio.
C.A.M. Included in above monthly amount
Lease Term: 20 months left Option periods: One 5-year option
Deposit held by Lessor: 1 month – $11,000